Semi-retirement, what do I need to do?

[GreatGranny]

Hi all,
After a long deliberation I've decided I'm going to semi-retire as of next March when I turn 60.
I say semi-retire because I still want to work maybe 2-3 days a week but in a less stressful role to my present job.

I won't need to access my pensions straight away due to my wife still working and income from the 2-3 days a week job.
Is it best to contact my pension providers now to let them know of my plans?
Apart from my small local authority pension my others are geared to retirement at 65.
Never been one for planning but my wife says we can afford for me to semi-retire at 60.

Any other advice would be welcome.
Thanks

[ARHarh]

Just cut down on your work days no need to tell anyone except your employer.

[GreatGranny]

ARHarh said:

Just cut down on your work days no need to tell anyone except your employer.

It's the actual job/role/company I've had enough.

The job is very technical and I'm finding it harder and harder to keep up with new software, standards etc..

Hence why I want to leave and do something completely different 2-3 days a week.

Thinking about it all I'm going to do is leave my present job and find another job

[lizardbrain]

No need to tell HMRC just sign up here

https://uk.indeed.com/q-delivery-driver-jobs.html



Or is it more the psychological task of chucking in your identify etc?

[GreatGranny]

lizardbrain said:

No need to tell HMRC just sign up here

https://uk.indeed.com/q-delivery-driver-jobs.html



Or is it more the psychological task of chucking in your identify etc?

Pappa John's just opened near me so lots of possibilities

No issue with losing my identity re. work.
I've never been a 'my work defines me' type of person.
I'm just ready to leave.

[brownspeed]

go for it. fill your free time with hobbies or something; NOT daytime tv

[GreatGranny]

brownspeed said:

go for it. fill your free time with hobbies or something; NOT daytime tv

Does Loose Women count?

[martinbiz]

GreatGranny said:

Hi all,
After a long deliberation I've decided I'm going to semi-retire as of next March when I turn 60.
I say semi-retire because I still want to work maybe 2-3 days a week but in a less stressful role to my present job.

I won't need to access my pensions straight away due to my wife still working and income from the 2-3 days a week job.
Is it best to contact my pension providers now to let them know of my plans?
Apart from my small local authority pension my others are geared to retirement at 65.
Never been one for planning but my wife says we can afford for me to semi-retire at 60.

Any other advice would be welcome.
Thanks

Go for it, is there another less stressful role within your present co that they could offer you part time. They are obliged to evaluate any request properly, not just give a blanket no. There are usually quite a lot of benefits to staying with same co especially if you've been there a long time, continuous employment, death in service etc.
Of course if you are just sick of the place then probably best to find something else

[darrenheysham]

GreatGranny said:

Does Loose Women count?

Only as a hobby, and check your wife is happy 😃

[Mazinbrum]

brownspeed said:

go for it. fill your free time with hobbies or something; NOT daytime tv

I’ve been retired 4 years and my one rule is not to put the tv on in the daytime.

[LimmerickLad]

Mazinbrum said:

I’ve been retired 4 years and my one rule is not to put the tv on in the daytime.

This ^^^^

Snap..............I Sit on tinternet posting on PH all day instead

[martinbiz]

Mazinbrum said:

I’ve been retired 4 years and my one rule is not to put the tv on in the daytime.

This, although I have one exception on a Monday after Motogp / BSB, never get a chance to watch them at the weekend

[ARHarh]

Mazinbrum said:

I’ve been retired 4 years and my one rule is not to put the tv on in the daytime.

I have always had this rule, been retired over 5 years now and never put the TV on before 4pm, even when i worked. Although I do record some daytime TV to watch in the evenings, escape to the country and Father Brown

[GreatGranny]

martinbiz said:

Go for it, is there another less stressful role within your present co that they could offer you part time. They are obliged to evaluate any request properly, not just give a blanket no. There are usually quite a lot of benefits to staying with same co especially if you've been there a long time, continuous employment, death in service etc.
Of course if you are just sick of the place then probably best to find something else

No, less stressful role wouldn't be an option.

It's been a great company to work for over the last 24 years, I feel it's just time to leave.

Driving a van for 2-3 days a week even on or near minimum wage would suit me fine.
It would bring in approx. £1000 - £1200 pcm which is ok.
Wife has decent income and we have minimal outgoings.

[Countdown]

GreatGranny said:

Hi all,
After a long deliberation I've decided I'm going to semi-retire as of next March when I turn 60.
I say semi-retire because I still want to work maybe 2-3 days a week but in a less stressful role to my present job.

I won't need to access my pensions straight away due to my wife still working and income from the 2-3 days a week job.
Is it best to contact my pension providers now to let them know of my plans?
Apart from my small local authority pension my others are geared to retirement at 65.
Never been one for planning but my wife says we can afford for me to semi-retire at 60.

Any other advice would be welcome.
Thanks

AIUI your Local Authority pension will also be paying out at 65. IIRC the only way you can access it early is Ill Health ER.

[Franco5]

brownspeed said:

go for it. fill your free time with hobbies or something; NOT daytime tv

This puts me off jacking it in as many people have big ideas for their retirement but end up sat watching brain dead TV all day.

[ARHarh]

Franco5 said:

brownspeed said:

go for it. fill your free time with hobbies or something; NOT daytime tv

This puts me off jacking it in as many people have big ideas for their retirement but end up sat watching brain dead TV all day.

Have you met anyone who retired early? The ones I know don't sit watching TV all day. I certainly don't. They TV has not been on during the day once in the 5 years I have been retired.

[Countdown]

My retirement plans involve watching TV all day whilst working my way through a 6-pack bag of Asda Cheese & Onion and a 2L Asda Diet Cola

[ARHarh]

Countdown said:

My retirement plans involve watching TV all day whilst working my way through a 6-pack bag of Asda Cheese & Onion and a 2L Asda Diet Cola

You don't need to retire you need our wonderful benefits system

[GreatGranny]

Countdown said:

AIUI your Local Authority pension will also be paying out at 65. IIRC the only way you can access it early is Ill Health ER.

Checked it and it pays out at 60.
Is not a huge amount But it all helps and there’s a decent lump sum.